Mission

To extend leadership from saturated fats to the entire vegetable oils segment in the first stage and to agro-based premium
food products thereafter, from being present in a single region in India to acquiring a global manufacturing and marketing
presence.

Vision

To delight the consumer through a complete portfolio of vegetable oils and other FMCG products through continuous research and
development, leading to single-stop convenience.

The JVL portfolio

The company's brands are backed by edible oils that are increasingly consumed by
a health-conscious India.

The product basket accounts for a large consumption base in India today.

The growing demand for these edible oils points to a ready market.

JVL Agro is one of the most trusted cooking media companies in India today.

At JVL, we have not only invested in these products but have invested in synergic capacities that consume captive raw
material. Besides, the company intends to graduate to building food manufacturing and logistics infrastructure, intended
to take the entire industry ahead.

Jhoola

Product

Vanaspati

Variants

Vanaspati ghee

Jhoola JVL Royal Payal

Product

Refined oil

Variants

Olein | Soyabean
Mustard | Cotton Seed
Palm | Sunflower

Jhoola
Shankar
JVL Royal

Product

Mustard oil

Variants

Kachchighani
Pakkighani

Jhoola
Payal
JVL Royal

Product

Rice

Variants

Steamed | Par -Boiled
White Rice

Jhoola

Bakery shortening

Our footprint

Jhoola enjoys a market-leading share in Central India's edible oil market. Its biggest consumption
centres comprise Uttar Pradesh and Bihar, contributing over 70% of the product's revenues . Besides, the Company is
in the process of setting up a 7.5 acre processing plant in Pipavav (Gujarat) and intends to commission an oil, chemicals
and rice processing facility in Guwahati (assam). A truly pan-India presence.

Board

Board of Directors

Executive Chairman

Mr. D. N. Jhunjhunwala

Managing Director & CEO

Mr. S. N. Jhunjhunwalaa

Wholetime Director

Mr. Adarsh Jhunjhunwala

Woman Director

Mrs. Anju Jhunjhunwala

Independent Directors

Mr. Harsh Agarwal
Dr. S. K. Dixit
Mr. Mahesh Kedia
Mr. B.K. Misra

The Chairman's overview

There is only one constant at JVL Agro. And that is perpetual change.

Over the last decade, we have been in a state of continuous and positive change.

From a taste-based company to a health-based proposition.

From a processed oils company into a foods organisation.

From a product’s company into a food infrastructure company.

From a single-country presence into a multi-country operation.

From products addressing rural and semi-urban palates to preferences across economic classes.

From a regional presence to a pan-India brand.

It is through this emphasis – positive change – that we expect to enhance value for all our stakeholders, from

employees, vendors and consumers to bankers, shareholders and society.

Our business model

The JVL Agro business model has been created around stability and sustainability.

The result: The company has progressively increased the revenues derived from branded sales from Rs.619.58 crores in
2006-07 to Rs.3444.89 crores in 2014-15.

Economies-of-scale: The edible oil business is largely volume-driven, marked by competitive margins. This reality makes
it imperative to run a cost-competitive organisation. JVL Agro invested in building capacities, which enhanced
economies-of-scale and efficiently ammortise fixed costs.

The result:JVL has one of the largest edible oil capacities at a single port-based location in India (Haldia, 1,200 TPD).
The Company has grown its capacity more than 100-fold since inception from 25 TPD in 1990-91 to 3,000 TPD as of 31st March
2015.

Product basket:JVL widened its product basket with the objective to address a range of customers – from mass to premium –
widening its appeal and relevance. From two products in 2005-06, the Company has emerged as a multi-product player; the
company widened its SKU range from 200 millilitres to 5 kilograms to 15 kilograms. .

The result:The Company has been reporting robust profits and margins across the years.

ntegrated approach: JVL has invested in capacity growth cum integration (captive energy and packaging). The Company manufactures
1.8 million HDPE jars per annum and 4.2 million containers per annum (along with handles and caps). The Company is
self-sufficient as far as power requirements are concerned. The company intends to extend to the manufacture of cosmetics,
using a large proportion of captively generated raw material. Besides, it intends to commission a food and logistics park in
Bihar, synergic to its business interests.

The result:The Company has reported attractive margins in a volatile business.

Deep-rooted network: In India’s competitive FMCG industry, product availability ensures success. JVL has over the years, made prudent
investments in creating a widespread distribution channel, covering more than 100,000 retail outlets across India. JVL increased
its network from 4,000 dealers in 2013-14 to 7,000 dealers in 2014-15. More than 50% of the dealers have been working with the
Company for five years or more.

Positioning

Capacities

JVL Agro has invested periodically in edible oil processing capacities with the objective to feed the growing needs of the
world’s second most populous country.

The company has invested inmanufacturing capacities, competence and technologies through economic cycles. The company added
45 per cent to its manufacturing capacity during the challenging economic period following 2008-09 (as percentage of its
total manufacturing capacity as on 31 March 2015).

The company widened its manufacturing footprint to capitalize on raw material proximity on the one hand and large consuming markets on the other.
Besides, the company invested in cutting-edge technologies that translated into processing efficiency, benefiting the company and consumers.

Brand

Even across some of the most demanding consumers, Jhoola stands principally for two words. ‘Safety’ and ‘Health’.

A much sought-after product in millions of kitchens across the country.
Across consumers. Across regions. Across time.

Inspiring the conviction that if it is Jhoola, one can trust it with eyes closed.
The result is that JVL Agro’s brands are the most popular cooking media brand across Uttar Pradesh and Bihar.
And one of the most exciting, across emerging product categories and regions.

Value

JVL Agro does not just manufacture products; it markets products that consumers want to buy.

In the first phase of the company’s existence, the preference for JVL’s products and brand was the result of a prudent positioning across the country’s price-conscious middle-class and lower middle-class consumers.

In the second phase, JVL progressively reoriented its product mix to address evolving lifestyles, growing disposable incomes and a desire for hygienic cooking media.This translated into an accelerated launch of relatively
premium brands, translating into value-addition and corporate growth higher than the broad sectoral growth average.

Jhoola products are available across more than 100,000 retail outlets across India.